Aug 21 2007
In news that could prompt some parents to start saving for their children's future, recent research has suggested that thousands of students rely on their parents to support them financial while at university.
Close to half of the students attending British universities polled by Halifax recently indicated that financial help from their parents is helping to maintain them during their years of studying.
Furthermore, the majority of students in the UK can expect to face years of indebtedness after they graduate, while 30 per cent have already accumulated £10,000 worth of debts, according to the latest figures.
Sue Harper, head of Student Banking at Halifax, said: "These results show just how much debt students are building up while studying."
"These are significant sums for anyone let alone someone who is not yet working full-time," she added.
Parents around the UK are taking an increasingly strong interest in investing to secure their child's financial future, the Tax Incentivised Savings Association said recently.
